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Updated almost 5 years ago on . Most recent reply

Chris Martin's profile image
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Chris Martin
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Chris Martin's profile image
Chris Martin's profile image
Chris Martin
  • Member since Jul 6, 2019
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Chris Martin
3
Votes |
10
Posts
General Landlording & Rental Properties

Tenant Signed Lease Then Lost Job Before Moving In--Now What?

Chris Martin
Posted

We recently signed a lease for a higher cost rental (3K per mo.). Tenants are slated to move in soon, but we have learned the tenants lost their jobs. 

How would you handle this situation?

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Chris Martin's profile image
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Chris Martin
  • Member since Jul 6, 2019
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Chris Martin's profile image
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Chris Martin
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Chris Martin
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Chris Martin
Replied

We do have another cheaper unit that is open. I think I will offer them that. I want to be fair and not leave them in the cold, but we also have mortgage to pay. 

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